Immaculate 2 bedroom Apartment for sale in Lagos, Algarve
This first floor property offers a generous daytime living area with guest cloakroom as an added convenience. The principal bedroom features a large en suite bathroom, while the second bedroom is served by a well-appointed additional bathroom, a real bonus for visitors. From both bedrooms sliding doors give access to a private balcony where you can enjoy elevated views across the charming townscape, offering a peaceful and airy atmosphere.
Designed with modern living in mind, the open-plan layout brings together the living room, dining area, and contemporary kitchen into a bright, flowing spac...
This first floor property offers a generous daytime living area with guest cloakroom as an added convenience. The principal bedroom features a large en suite bathroom, while the second bedroom is served by a well-appointed additional bathroom, a real bonus for visitors. From both bedrooms sliding doors give access to a private balcony where you can enjoy elevated views across the charming townscape, offering a peaceful and airy atmosphere.
Designed with modern living in mind, the open-plan layout brings together the living room, dining area, and contemporary kitchen into a bright, flowing space. Large sliding glass doors extend the living area outdoors, enhancing the sense of space and creating a natural connection between interior comfort and exterior living.
Nova Terraces is a boutique collection of refined residences set in one of Lagos most desirable locations, where modern architecture meets timeless Algarve charm. Built with a focus on quality, comfort, and sustainability, this thoughtfully designed development offers a relaxed yet sophisticated lifestyle just moments from the towns vibrant centre.
Each apartment has been carefully crafted to maximise space, light, and connection to the outdoors. Elegant finishes, clean contemporary lines, and practical features such as electric vehicle charging, ensure everyday living is as effortless as it is stylish. Subtle design touches and detailing, pay homage to the rich cultural heritage of the area.
Whether you are searching for a permanent residence, a stylish holiday escape, or a smart investment, Nova Terraces delivers modern living in a truly exceptional setting.
Sun-soaked and full of character, Lagos blends historic charm with a vibrant coastal lifestyle. Think golden beaches, dramatic cliffs, a lively marina, and cobbled streets lined with cafes and boutiques. Whether you are seeking a stylish holiday retreat or a smart investment, Lagos offers the perfect mix of relaxation, culture, and year-round appeal.
SPECIAL NOTE:
Crowning the development, the impressive three-bedroom penthouse spans two levels and captures sweeping views over the Marina de Lagos. Designed for both comfort and entertaining, it features a spacious open-plan kitchen and living area, multiple terraces, and beautifully appointed spaces to enjoy the Algarves renowned sunsets. Price on application.
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This Apartment is located in Lagos in Portugal
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Buying a Property in Portugal
1. Signing a Letter of Intent
On finding a property you wish to purchase, your agent will draw up a 'Letter of Intent, this will be signed by both parties, vendor and buyer. Copies of this will be given to the legal representatives of both parties and will be used in preparing the Promissory Contract. Included in this letter will be the price, what is included in the sale, furnishings etc. and any conditions of the sale plus the dates for both exchange and completion.
2. Exchange of Promissary Contract (Contrato Promessa de Compra e Venda)
The buyers lawyers are responsible for drawing up the promissory contract (Contrato Promessa de Compra e Venda) and as part of the process they will have carried out the legal searches and made sure that there are no charges, e.g. utilities, property tax etc. against the property. The contract will contain details of both parties and include clear title of ownership, when payments are due to be made, the completion date and an inventory, if required. The Promissory Contract is legally binding and will generally be signed by both parties and witnessed by a notary/lawyer. The contract will include penalty clauses in case either party does not fulfill the terms of the contract. A 10%, non-refundable deposit is required at this point, this will be paid to the vendor, through the lawyer's client account. Once the contract has been signed, if the vendor pulls out of the contract, they will be obliged to pay back double the deposit to the purchaser. If the purchaser pulls out, they will lose their deposit.
3. On Completion
The amount of time between signing the Promissary Contract and Completion will vary and will have been agreed in the contract. Before Completion your lawyer will need to arrange with a fiscal representative for you to obtain a Portuguese Fiscal Number. The official Deed of Transfer of ownership (the Escritura) will be signed by you (or someone representing you with your Power of Attorney), this is signed at the Notary and they will retain the document. The Deed will be read aloud by the Notary before all participants sign it. Your lawyer will need to check to ensure that you understand what is being said if you do not understand Portugese. The Escritura, once it has been signed, will officially give you ownership of the property, but will still need to be registered in your name on the Land Registry (Registo Predial) by your lawyer. Your lawyer should obtain a copy of this for your records. Once you have completed, the new utility contracts can be transferred into your name by your lawyer.